Massive ETH Transfer: Coinbase Awaits Institutional Boom

A significant $143 million ETH transfer has sent shockwaves through the crypto space, drawing attention to a potential shift in institutional interest. Analysis firm Nansen flagged a new multisig wallet receiving this massive sum of ETH from BitGo, with Bernstein predicting this could be a sign of larger institutional backing for Coinbase. The timing and nature of the transfer have piqued the curiosity of experts.